News

Pension Insurance Corporation has reinsured almost £500m of its longevity exposure as it continues raising capital to target deals in excess of £3bn, it announced today.

Pension Corp's move set to free capital; Aviva lifted by upbeat presentation on its financial strength; 'It is about time the government took the plight of pensioners more seriously'

US - The California Public Employees' Retirement System (CalPERS), the largest US public pension, is now worth just as much as when Lehman Brothers Holdings went bankrupt in 2008 and wiped out $6.8trn in US stock-market value in six months.

The Pensions Advisory Service has seen demand for its advice surge from workers who will be affected by auto-enrolment, its chairman says.

The latest Pensions Bill has failed to address differences between contribution refunds in trust-based and contract-based schemes, providers say.

Changes to auto-enrolment legislation outlined in the latest Pensions Bill have been cautiously welcomed by the industry.

The design of some occupational pension funds will be affected by the abolition of the default retirement age despite government promises schemes would not be affected, experts warn.

A judgment has been made on Michel Van De Wiele's appeal against The Pensions Regulator's issuance of its first ever contribution notice, PP understands.

The Pensions Bill largely clarifies section 251 but could go further to address situations in which a scheme partially winds up, Mayer Brown says.

Companies are expected to conduct more full buyouts this year due to an improvement in funding levels, consultants say.